Baosteel Group, parent of China's largest steel maker, Baoshan Iron and Steel Co<600019>, decided to invest RMB 2 billion in the project company for the Shanghai-Hangzhou Express Railway, which has just finished the required commercial registration procedures, sources reported....
U.S. fast food giant McDonald's this year will hire over 10,000 people and open more outlets in China in accordance with its global business expansion plan, China Daily reported on Tuesday, citing Kenneth Chan, the newly-appointed chief executive officer of McDonald's China, as saying....
China's utilized foreign direct investment (FDI) in the first quarter of this year fell 20.56% year on year to US$21.78 billion, sources reported, citing an unnamed source as saying.The decline rate is lower than the 26.23% fall in the Jan-Feb period, which indicates the investment activities of China is recovering despite...
China Mobile Ltd<941><CHL>, the country's largest telecom operator, plans to invest RMB 70 billion over the next three years to expand in its network in rural areas, said company Vice President Li Zhengmao on Wednesday, sources reported.In the past five years, China Mobile has invested RMB 19.5 billion to build a...
China Insurance Regulatory Commission (CIRC), the nation's insurance regulator, on Tuesday released a new policy regarding the specific proportion of an insurance fund that can be invested in infrastructure projects, in a move to control potential risks.According to the new rules, life insurance companies can...
Eight Chinese investment companies launched new funds in March, involving investment of nearly RMB 7.77 billion, according to a venture capital report released by research institution EZCapital yesterday. The report shows that 28 companies obtained around RMB 4.94 billion from the new funds. Sixteen...
Lenovo<992>, the world's fourth-largest computer manufacturer, plans to build plants in India and Brazil to lower its manufacturing costs, sources reported.Liu Jun, senior vice president and president of Lenovo鈥檚 idea product group, said India and Brazil provided favorable tax policies. For example, Brazil would provide...
HSBC Bank (China) Co on Friday inked an agreement to provide a credit line of US$250 million to Shanghai Electric Group Co Ltd (SEG)<601727><2727>, China's largest producer of power equipment, to fund the manufacturing giant's development amid the global economic crisis, according to a statement...
The government continues its proactive investment policy despite the country's declining fiscal revenue...
The American computer maker introduces its anti-crisis solution to Chinese customers as part of innovation strategy...